Who We Are
About Us
Founded in 1998 by Magdi Kassabgui, Reliance started off as a small cement trading business serving the industry in Egypt.
Over time, We have grown into leaders in building materials Trading & Logistics as well as Ready-Mix Concrete production and Mining. We are also proud of what we have achieved in our Waste Management activity and aspire to grow it further. We are pioneers in the net-zero transition of the cement industry through our innovative decarbonization strategy, as we actively pursue green growth avenues in the cement ecosystem and beyond.
We have also invested in the country’s key high potential sectors namely Non-Banking Financial Services, Urban Regeneration through adaptive reuse, Education and Fintech, and continue to look for opportunities to further grow in those fields.
We were awarded strategic projects by the Suez Canal Economic Zone to operate a multipurpose green port in East Port Said. We were also awarded by The Sovereign Fund of Egypt the project to turn the former Ministry of Interior into a modern sustainable mixed use development complex.
Our Story
1998
Reliance is founded as an international cement trading company
2005
Introduction of our Quartz mining & export business in our own quarries in the Red Sea governorate
2008
Introduction of our own fleet management & operations
2009
Ready Mix Concrete activity begins with 2 batch plants
2013
Aggregates mining activity begins in Ataqa mine, Suez
2015
Bulk Cargo Warehousing begins in Ain Sokhna
2016
Waste Management activity begins in Ismailia & Port Said
2019
Reliance acquires a stake in Sinai Cement, an Egyptian cement company
2021
Reliance acquires a stake in Catalyst Partners, a non-banking financial institution
2022
Reliance acquires a stake in Trukker, a UAE based digital trucking company
2022
Reliance Developments is awarded the urban regeneration project of the former Ministry of Interior in downtown Cairo by The Sovereign Fund of Egypt
2024
Reliance Ventures & Marriott International sign an agreement to bring experiential MOXY brand to Downtown Cairo
2024
Reliance for Culinary Education & the prestigious world-renowned culinary school Ecole Ducasse to open a studio in Cairo
Our Presence
Trading, Shipping & Chartering
Trading & Shipping has been the core of Reliance’s business since its inception. Reliance has been focused on cementitious materials & energy for cement such as Coal & Pet coke, making it one of the top stakeholders in the cement industry. Reliance is now building on its know-how to develop the import & export of new commodities & the entry to new markets.
- 8 ports of trade in Egypt
- 1,000,000 MT of Clinker export
- 1,000,000 MT of Coal import
Magdi Kassabgui, Group Chairman"As we celebrate our 25th anniversary, I am proud to reflect on the incredible journey that our Group has taken over the years. From humble beginnings in 1998, our Group has rapidly expanded and so have our aspirations and understanding of what it takes to manage a successful institution striving for growth in all areas of its business. Our success is rooted in the hard work and the dedication of our people; our most important pillar. Our people are exceptionally gifted and passionate about what they do. We continuously invest in them through professional training and internship programs to inspire engagement, improve self-worth, and nurture their skills for future growth.As we look to the future, I am confident that our Group will continue to grow and thrive as we build on our successes and main pillars. We are committed to providing innovative solutions that meet the needs of our customers while protecting our environment and developing our society through valuable synergies. We strive to always set the standard for reliability and corporate responsibility in every aspect of our operations.Thank you all for your continued support over the past 25 years. Onto new beginnings & challenges!"
Our Vision
To drive the region’s transition to more sustainable infrastructure by executing our stakeholders’ value engineering endeavors through our enriched international trading and local operations experience.
Our Mission
To strive to live up to our name by pledging distinct and valued experiences to our partners while maintaining our world-renowned practices.